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Polyurethane Elastomers Market, 2026 -

·5-min read

The "Polyurethane Elastomers Market (2021-2026)" report has been added to's offering.

The Polyurethane Elastomer Market is estimated to be worth around $22 billion by 2023

Polyurethane elastomers find application in various fields and are preferred due to their durability, flexibility, toughness, load strength, abrasion resistance, and chemical resistance. The Asia-Pacific region is the largest shareholder in the market for Polyurethane Elastomers followed by America. China was the highest importer of Polyurethane while Germany was the Lead exporter of polyurethane in its primary forms.

Polyurethane Elastomers Market Outlook:

Polyurethane Elastomers are rubber like materials that are manufactured by the reaction of Isocyanates with hydroxyl group in the Polyols (alcohol) to which a curative agent is added which forms the links between the polymer strands thus curing the polyurethane elastomer. The major Isocyanates used are either Toluene Diisocyanate (TDI) or Methy-diphenly Diisocyanate (MDI) and the Polyols are of either Polyether or Polyester.

There are various additives that are added to these elastomers during their processing to enhance certain properties for specific applications and to reduce costs. Polyurethane elastomers are used in various industries, some common application include: insulation panels, wires and cable insulation, tires, conveyor belts, films and sheets interior and exterior automotive parts, sealants, adhesives, coatings, blocks and many more.

Polyurethane Elastomers Market Growth drivers:

Major Growth driver for the Polyurethane Market is the increasing global population and increase in disposable income per household. The global increase in both these factors affect the automotive, construction and footwear industry, increasing their demand which in turn directly increases the demand for polyurethanes in their applications.

The versatility, durability, ease of processing and mechanical properties of polyurethane itself is also a growth driver for the polyurethane elastomer market due to which it is the predominant choice of material in various industries.

Polyurethane Elastomers Market Challenges:

The most widely used raw materials for the production of Polyurethane are TDI, MDI and 1, 4 Butanediol are all derivatives of crude oil. The increasing prices of crude oil and the general volatility that is observed in the prices of crude oil are a major deterrent for the market. MOCA which is the most used chemical as a curative for polyurethane manufacturing is also facing regulatory backlash in the EU region due to which alternative will have to be considered, none of which perform as well a MOCA.

Another major challenge that comes with the use of Polyurethane elastomer is its environmental impact. Polyurethane Elastomers are not bio-degradable and hence their disposition adds to the surmounting plastic pollution globally.

Polyurethane Elastomers Market Key Players Perspective:

Some of the Key players in this market that have been studied for this report include: Covestro, BASF, Dow DuPont, Huntsman Corporation, Chemtura, American Urethanes, Sinopec, Lyondellbasell industries, Galagher corp., Argonics and many more.

Market Research and Market Trends of Polyurethane Elastomers Market

  • Key players in the market are expanding their polyurethane production capacities such as BASF and COIM so as to maintain supply for the growing demand for polyurethane elastomers and polyurethane material in general.

  • 4, 4-methylenebis 2-chloroaniline, also known as MOCA, is one the widely used curatives in the processing of polyurethane elastomers. Due to actions taken by the REACH regulatory body in the EU, MOCA has been put under a strict ban due to its toxic nature and its link to cancer. This has led to the slow phase out of MOCA and innovative solutions for alternative curing agents.

  • Another increasing trend that is seen in the market is the increase in production of polyurethane from bio-based raw material rather than crude oil based chemicals due to the volatility of crude oil price. This reduces the dependency from crude oil prices thus providing renewable and alternative sources for the production of polyurethane while at the same time reducing the impact on pollution as well.

Key Topics Covered:

1. Polyurethane Elastomers Market Overview

1.1. Market Overview

2. Polyurethane Elastomers Market Executive Summary

2.1. Market Volume

2.2. Market Revenue

3. Polyurethane Elastomers Market Landscape

3.1. Market Share Analysis

3.2. Patent Analysis

3.3. Financial Analysis

5. Polyurethane Elastomers Market Forces

5.1. Drivers - Impact Analysis

5.2. Constraints & Challenges - Impact Analysis

5.3. Opportunity Analysis

5.4. Porter's Five Forces

6. Polyurethane Elastomers Market Strategic Analysis

6.1. Value Chain Analysis

6.2. Pricing Analysis

7. Polyurethane Elastomers Market - By Type

7.1. Cast Polymers

7.2. Thermoplastic

8. Polyurethane Elastomers Market - By Process

8.1. Casting

8.1.1. Hot Cast

8.1.2. Cold Cast

8.1.3. Others

8.2. Injection Molding

8.3. Extrusion

8.4. Others

9. Polyurethane Elastomers Market - By Raw Material

9.1. Isocyanates

9.1.1. Toluene Diisocyanate

9.1.2. Methylene Diphenyl Diisocyanate

9.1.3. Paraphenylene Diisocyanate

9.1.4. 1,5 Naphtylene Diisocyanate

9.1.5. Others

9.2. Polyols

9.2.1. Polyether

9.2.2. Polyester

10. Polyurethane Elastomers Market - By Additives

10.1. Fillers

10.2. Flame Retardants

10.3. Pigments

10.4. Others

11. Polyurethane Elastomers Market - By Applications

11.1. Automotive

11.1.1. Interior

11.1.2. Exterior

11.2. Construction

11.3. Furniture

11.4. Footwear

11.5. Industrial Machinery

11.5.1. Conveyor Belts

11.5.2. Others

11.6. Oil & Gas

11.7. Mining

11.8. Textile

11.9. Packaging

11.10. Medical

11.11. Sports & Leisure

11.12. Renewable Energy

11.13. Electronics

11.14. Others

12. Polyurethane Elastomers Market - By Geography

13. Polyurethane Elastomers Market Company Profiles

13.1. BASF SE

13.2. Chemtura Corporation (Lanxess AG)

13.3. Tosoh Corporation

13.4. Kuraray Co., Ltd.

13.5. Wanhua Chemical Group Co., LTD.

13.6. Era Polymers PTY Ltd

13.7. Lubrizol

13.8. Trelleborg AB

13.9. Covestro AG

13.10. Huntsman Corporation

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Laura Wood, Senior Press Manager

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